Business News
Ottawa gives updated deal to federal union that signed agreement before PSAC strike
The federal government has given an updated deal to a public-service union that signed its collective agreement in the fall in order to match deals reached with...
OpenAI CEO suggests international agency like UN's nuclear watchdog could oversee AI
Artificial intelligence poses an “existential risk” to humanity, a key innovator warned during a visit to the United Arab Emirates on Tuesday,...
Construction companies say digital technology key to addressing labour shortages
Nine in 10 Canadian construction companies say they are dealing with a shortage of skilled labour or trades and may need to consider alternatives, such as...
SEC brings charges against cryptocurrency trading platform Coinbase
The Securities and Exchange Commission sued cryptocurrency platform Coinbase on Tuesday, charging the company with operating an unregistered securities platform...
Teck Resources receives indications of interest for steelmaking coal business
Teck Resources Ltd. says it has received a number of indications of interest regarding potential transactions involving the company's steelmaking coal...
Microsoft will pay $20M to settle U.S. charges of illegally collecting children's data
Microsoft will pay a fine of $20 million to settle Federal Trade Commission charges that it illegally collected and retained the data of children who signed up...
Near miss safety incident on ExxonMobil offshore platform
Canada's offshore oil and gas regulator says there was a "near miss" on ExxonMobil's Hebron platform in late May. The Canada-Newfoundland and...
Credit card balances increase in first quarter as mortgage market slows: Equifax
Equifax Canada says credit demand was high in the first quarter of the year while the mortgage market saw a significant slowdown. The agency says in its latest...
Apple unveils sleek, $3,500 'Vision Pro' goggles. Will they be what VR has been looking for?
Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology...
Binance mishandled funds and violated securities laws, according to SEC lawsuit
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered...
Thousands of users report problems with Microsoft's email platform
Thousands of Microsoft Outlook users reported issues with accessing and using the email platform Monday morning. Microsoft 365 outage and problem reports peaked...
Flair tops Canadian airlines with 15 complaints per 100 flights
The Canadian Transportation Agency says Flair Airlines Ltd. has the highest number of complaints per 100 flights of all the major airlines in Canada, as...
Real or AI? Europe seeks label as it fights disinformation
The European Union is pushing online platforms like Google and Meta to step up the fight against false information by adding labels to text, photos and other...
Five things to watch for in the Canadian business world in the coming week
Five things to watch for in the Canadian business world in the coming week: Bank of Canada The Bank of Canada will release its latest interest rate decision on...
Pride becomes a minefield for big companies, but many continue their support
Many big companies, including Target and Bud Light's parent, are still backing Pride events in June despite the minefield that the monthlong celebration has...
The awkward economic truth: A recession might be just what Canada needs
This time last year, the R-word was on everyone’s lips – and panic was setting in. With energy prices soaring and consumers rushing back to...
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to...
BoC may have to raise rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that a rate hike is on the way, but economists don't expect the Bank of Canada to pull the trigger...
Twitter executive responsible for content safety resigns after Elon Musk criticism
A top Twitter executive responsible for safety and content moderation has left the company, her departure coming soon after owner Elon Musk publicly complained...
One-quarter of Air Canada flights delayed Friday as schedule recovers from IT issue
More than one-quarter of Air Canada flights experienced delays on Friday as the airline worked to return service to normal following a technical malfunction the...